Poll:2014 taxes for 2013, filed or extended?

[GrayHare]

Got 'em done, or stretching it out?

 

[Dash man]

Finished them yesterday. A large chunk of my savings will be withdrawn by Uncle Sam today, along with some from the state. However, I'm getting $7 back from our local tax authority.

 

[FIREd]

I e-filed last week, and mailed a -large- check to the IRS this morning.

 

[pb4uski]

Filed electronically in early March because we were away from home from mid-January to the end of February. Had over payments of $325 and $12 for federal and state, respectively that I applied to next year's taxes.

I did 13 returns this year for family and friends - all are done. DD's was filed electronically last night.

 

[rodi]

Filed mine. filed MIL's. Filed my step-mom's.
Did them all in Late Feb/early march.

I always calculate/complete the taxes early in the cycle. Then if I owe - I file in mid April. If I am due a refund, I file ASAP.

Due to DH's changing employment/income status I never know if I'll owe or get a refund.

 

[jon-nyc]

Extension. I have a private equity investment that doesnt issue its K1 until September, so i have no choice but to do an extension. Were it not for that, i would have filed.

 

[gauss]

I take an initial crack at it earlier in the year, but since April is a busy time of the year for me, I put off the final filing until later in the year when I have more time.

It allows me to look at my previous work with a fresh set of eyes.

-gauss

 

[VaCollector]

Extended…roughed in to know where I stand….but still a couple hours of compilation away from completion.

 

[MBAustin]

Extended - K1 for a real-estate rental partnership that my sister and I have didn't come in soon enough for my accountant to get everything done.

But I did get my mom's return done and filed, and helped DS and DD get theirs done (well, DD called again yesterday so hopefully she actually filed...)

 

[steelyman]

Got 'em done, or stretching it out?

I just got back from the post office

It's good to get a stretch in before a workout.

(actually, I received a FedEx package with necessary tax-related forms from the family accountant at 1pm this afternoon... yeah, I'll get that done - by May!)

 

[braumeister]

Did federal in early March, since I had a refund coming.
Did state last week, since I owed them money (coincidentally, very close to the amount I got back from the feds).

 

[Alan]

I e-filed a few weeks, and the amount owed went out of our bank account today, along with the 1st estimated tax payment for 2014.

 

[MichaelB]

I filed ours and Mom's a couple of weeks ago. Forgot her 1QA estimated. I really need to set her up with EFTPS.

 

[Sue J]

Filed in February. Owed for Federal, refund from state for almost the same amount, close enough.

About 10 days ago I finished working with my son on his taxes. He is self employed and files Schedule C. He owed quite a lot even though he did estimated payments. We got to the end and he asked me for any advice for lowering his tax liability and I mentioned an IRA. I didn't think he'd go for it as he lives pretty tight and his work is uneven. We looked at the Saver's Credit and his AGI (single under $17,750) was within the range to get a 50% TAX CREDIT!!! for contributing to an IRA. He opened a Trad IRA at Vanguard.

A few days later I had a light bulb go off in my head...... DOH! It should have been a ROTH IRA. Yes, he didn't get the tax deduction but he still didn't use his entire Savers Credit and the excess would cover the increase in tax. He was out of town for work for 4 days, so I looked into how to correct this and when he got home on the 14th he called Vanguard and explained that he wanted to change his IRA to a ROTH and they handled it over the phone.

Then last night after dinner DH's brother called. He's doing his taxes in TurboTax and he asked me what could be wrong, he's getting a huge refund and it showed up when he put in his daughters college expenses. I told him that must be the American Opportunity Credit, the government likes it when you send your kids to college. His daughter went to 4 years at a community college and is now finishing her BA at a private college and all this time he never took the college credits! I was shocked. I helped him through the steps in Turbo Tax and then told him to go back and amend for 2012 and 2011 and get those credits. She has one more year and he'll claim them next year too.

How he missed those, I just don't understand.

 

[LOL!]

Extended as always, but got my refund in January without filing. Still waiting for some corrected 1099s, too.

 

[pb4uski]

I filed ours and Mom's a couple of weeks ago. Forgot her 1QA estimated. I really need to set her up with EFTPS.

I mailed my Mom's 1Q estimated payment but did sign up so I can do the remaining Q's this year and beyond electronically.

 

[W2R]

I used TurboTax to file mine on February 3rd, and my refund was automatically deposited on February 10th.

My first quarter estimated taxes for this coming year were paid today using EFTPS.

Everything is rolling along as it should...

 

[Alan]

From today, I'm sure many of you saw it...

 

[imoldernu]

"never pay taxes again"...

Love it... It worked out for us... Zero taxes between 1989 and today. Next year will be the first, as we begin some draw down of capital...

Aside... As District Managers with a company that began start-ups of franchises (many years ago)... we used to joke that our advertising for franchisees should include as a benefit...
Own your own business...
"Never pay taxes again"...

Didn't go over too well with the boss...

 

[Ronstar]

Filed, but it was close. Just got our real estate LLC K1 2 weeks ago, brought everything to my accountant a few days later, he sat on it a few days, then it took me a few days to pick it up and a few more days to return the e-file authorization - which I did yesterday. Mailed a small check to the fed and await my $91 from the State of Illinois. I hope I get it.

 

[HillCountry]

Filed last night. Owed taxman $258. Could have got some $ back, but triggered AMT.

 

[Walt34]

All done, couple months ago. Ours is fairly simple.

 

[GrayHare]

I just noticed TurboTax's amended return feature is not working properly. For each dollar of increase in AGI, Turbotax is saying we owe $10 less (!) in tax. The values it is copying from the original return onto the 1040-X are incorrect.

 

[whitestick]

Filed and got the refund a few days before I had to send in the 1st Quarter payment. Even had enough left over for a couple of Bloody Mary's. Life is good.

 

[ChiliPepr]

Extension. I have a private equity investment that doesnt issue its K1 until September, so i have no choice but to do an extension. Were it not for that, i would have filed.

+1